Optimal Transport Networks in Spatial Equilibrium

NBER Working Paper No. 23200Issued in February 2017, Revised in July 2019

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We thank Costas Arkolakis, Dave Donaldson and Jonathan Eaton for their discussions. We thank Thomas Chaney, Arnaud Costinot, Don Davis, Manuel Garcia Santana, Cecile Gaubert, Gueorgui Kambourov, Ezra Oberfield, Stephen Redding, Esteban Rossi-Hansberg and Jonathan Vogel for helpful comments. Edouard Schaal acknowledges financial support from the Spanish Ministry of Economy and Competitiveness, through the Severo Ochoa Programme for Centres of Excellence in R&D (SEV-2015-0563), the Barcelona GSE (grant SG-2017-07) and the European Research Council Starting Grant 804095. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.